Apple has released iPhone OS 3.0.1 update that patches the iPhone SMS text message bug we reported on previously. And all it took to motivate Apple to issue the patch was for a couple security researchers to publicly announce the iPhone’s SMS bug. Find the iPhone OS 3.0.1 update in iTunes. Just connect your iPhone and update the sucker.
Jailbroken iPhones might want to wait it out until the iPhone Dev Team gives the “all clear.”